European stocks rose on Wednesday, with the pan-continental STOXX Europe 600 index rising by 0.7%. The automobile sector led the rising sectors, gaining 2.7%. In France, the CAC40 index rose by 0.53%, while the German index DAX leveled up by 0.77%. Meanwhile, the UK’s FTSE100 ended the session higher by …
Read More »European Stocks Close Lower Ahead of Biden’s Inauguration
European stocks closed lower on Tuesday, amid anticipation for the developments of the Coronavirus pandemic across the content and for the new administration in the United States taking over tomorrow with the inauguration of President-elect Joe Biden. The pan-continental STOXX Europe 600 index finished lower by 0.2%, with the basic …
Read More »European Shares Rise on Positive Earnings Reports
European stocks rose after Asian markets rose on optimism about the Chinese economy, while sentiment was supported by positive earnings reports from the Minera Rio Tinto and Logitech, a maker of computer accessories. The European STOXX 600 index gained 0.4%, while the German DAX and the French CAC 40 index …
Read More »European Stocks Close on Modest Gains
European stocks closed higher on Monday, starting the new week with a positive performance after turning to losses at the end of the one before. The pan-European STOXX 600 index finished up by 0.21%. The French index CAC40 added 0.10%, while the German DAX gained 0.44%. Meanwhile, the UK’s FTSE100 …
Read More »EU reportedly to seek an extension to ratify Brexit trade deal
According to the latest headlines, the EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified. Citing two sources, RTE’s Europe editor, Tony Connelly tweeted that member states want to extend the deadline from the end of February to sometime …
Read More »European Stocks Turn to Weekly Losses
European stocks declined on Friday, closing lower after rising for three consecutive sessions, turning to weekly losses amid a rising number of new Coronavirus cases across the continent. The STOXX Europe 600 index finished lower by about 1%, turning to a weekly decline of 0.8%. In France, the CAC40 ended …
Read More »European Stocks Fell on Fears of Lockdown
European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery. The pan-European STOXX 600 index fell 0.5%, heading to close …
Read More »European Stocks Finish Higher for Third Day
European stocks closed higher on Thursday, registering gains for the third consecutive session, supported by the gains of the tech and travel sectors and a positive sentiment towards the anticipated rise in stimulus spending by the new administration in the United States. The pan-European STOXX 600 index finished higher by …
Read More »European Stocks Close Wednesday Higher
European stocks rose on Wednesday, supported by the rollout of Coronavirus vaccines and the effectiveness of preventive measurements against the pandemic’s new wave. The pan-European STOXX 600 index finished higher by 0.17%. The French index CAC40 closed higher by 0.21%, while the German benchmark index DAX rise by 0.11%. Meanwhile, …
Read More »European Stocks Poorly Performing, And Denmark’s Orsted Down Due to a Profit Warning
European stocks were largely unchanged on Wednesday as the utility sector was hit by a profit warning from Danish wind farm developer Orsted, while French grocery store Carrefour jumped after merger talks. Carrefour gained 10.6% after Canadian store operator Element Couche-Tard said it had contacted Europe’s largest retailer to discuss …
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